ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

The following table summarizes the components of the Company’s OCI:


(dollars in millions)	Pretax	Tax Effect	After-tax
Three Months Ended June 30, 2026
Net unrealized gains (losses) on cash flow hedges arising during the period	($246)	$66	($180)
Reclassification of net (gains) losses on cash flow hedges to earnings	73	(20)	53
Net unrealized gains (losses) on cash flow hedges	(173)	46	(127)
Net unrealized gains (losses) on AFS securities arising during the period	(94)	23	(71)
Reclassification of net (gains) losses on investment securities to earnings	32	(8)	24
Net unrealized gains (losses) on investment securities	(62)	15	(47)
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	1	—	1
Defined benefit plans	1	—	1
Total other comprehensive income (loss)	($234)	$61	($173)
Three Months Ended June 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period	$113	($30)	$83
Reclassification of net (gains) losses on cash flow hedges to earnings	198	(53)	145
Net unrealized gains (losses) on cash flow hedges	311	(83)	228
Net unrealized gains (losses) on AFS securities arising during the period	76	(20)	56
Reclassification of net (gains) losses on investment securities to earnings	23	(6)	17
Net unrealized gains (losses) on investment securities	99	(26)	73
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	2	(1)	1
Defined benefit plans	2	(1)	1
Total other comprehensive income (loss)	$412	($110)	$302
Six Months Ended June 30, 2026
Net unrealized gains (losses) on cash flow hedges arising during the period	($415)	$111	($304)
Reclassification of net (gains) losses on cash flow hedges to earnings	186	(50)	136
Net unrealized gains (losses) on cash flow hedges	(229)	61	(168)
Net unrealized gains (losses) on AFS securities arising during the period	(227)	56	(171)
Reclassification of net (gains) losses on investment securities to earnings	57	(14)	43
Net unrealized gains (losses) on investment securities	(170)	42	(128)
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	6	(1)	5
Defined benefit plans	6	(1)	5
Total other comprehensive income (loss)	($393)	$102	($291)
Six Months Ended June 30, 2025
Net unrealized gains (losses) on cash flow hedges arising during the period	$397	($106)	$291
Reclassification of net (gains) losses on cash flow hedges to earnings	400	(107)	293
Net unrealized gains (losses) on cash flow hedges	797	(213)	584
Net unrealized gains (losses) on AFS securities arising during the period	453	(115)	338
Reclassification of net (gains) losses on investment securities to earnings	40	(10)	30
Net unrealized gains (losses) on investment securities	493	(125)	368
Net actuarial gain (loss) arising during the period	—	—	—
Amortization of actuarial (gain) loss to earnings	6	(2)	4
Defined benefit plans	6	(2)	4
Total other comprehensive income (loss)	$1,296	($340)	$956

The following table summarizes the activity in each component of AOCI, net of income taxes:


(dollars in millions)	Net Unrealized Gains (Losses) on Cash Flow Hedges	Net Unrealized Gains (Losses) on Investment Securities	Defined Benefit Plans	Total AOCI
Three Months Ended June 30, 2026
Balance at April 1, 2026	($159)	($1,684)	($245)	($2,088)
Other comprehensive income (loss) before reclassifications	(180)	(71)	—	(251)
Amounts reclassified from AOCI to earnings	53	24	1	78
Total other comprehensive income (loss)	(127)	(47)	1	(173)
Balance at June 30, 2026	($286)	($1,731)	($244)	($2,261)
Three Months Ended June 30, 2025
Balance at April 1, 2025	($569)	($2,074)	($298)	($2,941)
Other comprehensive income (loss) before reclassifications	83	56	—	139
Amounts reclassified from AOCI to earnings	145	17	1	163
Total other comprehensive income (loss)	228	73	1	302
Balance at June 30, 2025	($341)	($2,001)	($297)	($2,639)
Six Months Ended June 30, 2026
Balance at January 1, 2026	($118)	($1,603)	($249)	($1,970)
Other comprehensive income (loss) before reclassifications	(304)	(171)	—	(475)
Amounts reclassified from AOCI to earnings	136	43	5	184
Total other comprehensive income (loss)	(168)	(128)	5	(291)

Balance at June 30, 2026	($286)	($1,731)	($244)	($2,261)
Six Months Ended June 30, 2025
Balance at January 1, 2025	($925)	($2,369)	($301)	($3,595)
Other comprehensive income (loss) before reclassifications	291	338	—	629

Amounts reclassified from AOCI to earnings	293	30	4	327
Total other comprehensive income (loss)	584	368	4	956

Balance at June 30, 2025	($341)	($2,001)	($297)	($2,639)
Primary location in the Consolidated Statements of Operations of amounts reclassified from AOCI	Net interest income	Securities gains, net and Net interest income	Other operating expense